Aptimus, an online advertising network, has reported $4.5 million revenues for the fourth quarter of 2006.


Aptimus, an online advertising network, has reported $4.5 million revenues for the fourth quarter of 2006.

Aptimus Q4 2006 Financial Results

– Net loss for Q4 2006 – $1.2 – $1.4 million

– Estimated non-cash expenses – $400,000

– High Voltage revenues are expected to be closer to $1.0 million.

Rob Wrubel, CEO of Aptimus, said: “The fourth quarter was challenging, but the fundamentals of the business remain strong and we are enthusiastic about our plan for 2007. We continue to grow our base of direct advertising clients and we have a growing pipeline of significant new publishers, though we will no longer publicly predict when major new publishers and placements will be live.

We continue to believe that 2007 will be a solid growth year for the company, and that we will return to profitability in 2007 as well, although we will hold off on specific quarterly projections given the challenges of predicting placement live dates with major publishers”. [source]

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Aptimus Press Release

About Aptimus

Aptimus is the Point-of-Action online advertising network that reaches engaged users by placing offers in the transactional areas of Web sites they trust.

 

 

 

 

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